Hospitality Mutual Ins Co
Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair long-term capitalization index (4.9) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2023. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.3) despite fair risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Fire (3.6%), comm multi (1.9%), other (94.5%)
Licensed in:
MA
Principal Investments:
Investment grade bonds (59.3%), common stock (34.2%), cash (5.9%), other (0.6%)
Corporate Info
Group Affiliation
Hospitality Group Mutual Ins Holding Co
Investment Rating
--
Company Address
106 Southville Road
Southborough, MA 01772
Southborough, MA 01772
Phone Number
(508) 366-1140
NAIC Number
13163
Website
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